During the 1990’s the conventional economic wisdom supported the repeal of Glass-Steagall. However, “10 years later, the end of Glass-Steagall has been blamed by some for many of the problems that led to last fall’s (2008) financial crisis. While the majority of problems that occurred centered mostly on the pure-play investment banks like Lehman Brothers, the huge banks born out of the revocation of Glass-Steagall, especially Citigroup, and the insurance companies that were allowed to deal in securities, like the American International Group, would not have run into trouble had the law still been in place.”
The recent breakdown in the latest round of peace negotiations between Israel and the Palestinians is no surprise. The Jerusalem Post reports in the article, Kerry hints: Israel to blame for deadlocked peace process, “US Secretary of State John Kerry appeared to blame Israel on Tuesday for dissolving a deal that would have extended negotiations with the Palestinians for nine months”. Prospects for any lasting accommodation always fails because Christian-Zionist incessantly supports a rogue ruling elite, who assert a heretical claim of being “Chosen”, when their tribe stems from descendants, other than Abraham. Until this apostate doctrine is debunked and discarded, no peaceful political settlement is possible.
No one has ever claimed that the financial markets are a level playing field. Equities, bonds, currencies, options and futures are not arenas that operate by equivalent standards for all parties. Great fortunes were built not by chance, but on superior information, known to the few. Professional traders are not risk gamblers, but operate on the premise of special advantage. Through advance and proprietary techniques that reduce exposure hazards and provide exclusive head start triggers, which virtually guarantee profits, the elite firms dominate Wall Street.
The Agenda 21 model is evident for the entire world to see as the ChiComs and their treasonous political class partners, collude to drive off Cliven Bundy and his family, who have been ranching in the area since the 1800s. Forget about the dodge about the endangered tortoise, those trumpeted up $1.1 million in unpaid grazing fees, or even water rights. Federal Court property rights decisions and the court order in the Bundy case, only muddy the water about what is really going on. Fundamental civil liberty protections against a tyrannical bureaucratic government gone amuck may seem to be the main story to many, but when you delve into the monumental financial motives behind this land grab, the worse is yet to come.
Record US corporate profits are the beneficiary of easy money, near zero interest rates and monopolist aided government tax policies. The upward surge in earnings since the depths of the financial collapse proves one incontrovertible fact; namely, tax regulations, implemented to aid favorite companies, is the operational model of the corporatist economy. Americans for tax fairness for 2013 report on 10 Companies and Their Tax Loopholes. Included in this examination on Bank of America, Citigroup, ExxonMobil, FedEx, General Electric, Honeywell, Merck, Microsoft, Pfizer and Verizon, indicated “corporations have stepped into the fray with some of the most aggressive lobbying we’ve seen in years – calling for cuts to corporate tax rates, a widening of offshore tax loopholes.”
When defending Western Civilization, some confuse that secular humanism, practiced as the current dominate popular culture, represents that lineage. Nothing could be farther from the truth. The decadence and decline in the West is undeniable. Yet the heritage upon which European civilization is based, owes a profound debt of gratitude to the societies that developed out of the brute force of empire and adopted principles of natural law and individual dignity. A direct correlation to the gospel of Christ becomes the centerpiece of this glorious tradition of universal brotherhood, that keeps man’s inhumanity to man in check.
As the deadline for filing yearly income taxes is rapidly approaching, businesses especially hard pressed to make a profit in a depressed economy struggle with their tax compliance. Reporting legitimate deductions and costs is the easy part. When you are losing money, disclosing a diminished income stream based upon lower margins, is not a difficult decision. Nevertheless, small enterprises burdened with government regulation costs and tax obligations, often are unable to conduct business and retain a net return. Self-proprietorships frequently are so scared that many look to the cash underground economy to hide income earnings.
All the attention over the epoch vote by Crimean’s to leave the Ukraine makes for a timely review of other separatist factions that are seeking a similar resolution. The List of active separatist movements in Europe is exhaustive. The immediate impression is that a pervasive discontent, shared by legions of subjects, who want independence and self-determination, will be hard to derail. When European autocratic and aristocrats ruled, the only option was revolution. Today the descendants of the old regimes still wheeled power under the guise of democratically elected authorities. However, separatist sentiment does not mean the same to every splinter group.
It should be obvious that the recent putsch and regime change in the Ukraine inspired and backed by the U.S. shadow government, benefits the international banksters. For the average EU resident, only further economic displacement and diminished prospects can be expected from any inclusion of Ukraine into the EU dictatorial structure. Not so, for the corporatists who expects expanded opportunities as Consortium News analyzes agricultural and energy companies recent involvement within the Ukraine.
For the last half century, the American population, subjected to the greatest dumbing down experiment of psychological manipulation in all of history, has resulted in the adoption of a cultural separation from realty and true self-interest. With all the glorious aspirations, that celebrate a diverse society, the fact that humankind shares the same planet usually is not enough to resolve disparities. While DNA similarities are the basis of the specie, the genetic differences among races, put aside and banished from polite conversation, still are true and significant. Yet the civilizations that make up this world function as if the tribal differences are often paramount in the social order.
The vast gulf between corporate economic interests and political gamesmanship is vividly made clear with the calls for sanctions against Russia. Now that the Crimea referendum has resulted in a ninety-six plus desire to join the Russian Federation, the politico chess players in the West are eager to make Putin suffer. Former Soviet chess master Garry Kasparov, anti-Putin critic and activist said, “even if the West doesn’t want to be in a fight with Russia, Putin has already decided to start one.”
The psychopathic propaganda power brokers are inciting hysteria over expanding their Ukrainian coup operation. Pushing Russia to accept a hostile empire on their border is irrational. Belligerence and intimidation makes indefensible foreign affairs relationships. Those who swallow the “wag the dog” script that circulates in the Western mainstream media, deceived or brainwashed, are incapable of any independent thought. The forces that seek unremitting interventionist intrusions that thrive on self-induced chaos are the true threats to world peace.